Bid Would Raise FOM Bar In Va.

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State regulators said Newport News Shipbuilding Employees' CU has applied for the largest community charter in the state.

The request would allow the $900-million Newport News-based credit union to serve more than 1.6 million people in the Virginia Beach area, including the communities of Hampton, Newport News, Norfolk, Virginia Beach, Portsmouth, Franklin, Williamsburg, Poquoson and Suffolk; as well as the counties of Gloucester, Isle of Wight, James City, Southampton, Surry and York.

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